On August 1, 2015, Rafael Masey established Planet Realty, which completed the following transactions during the month: a. Rafael Masey transferred cash from a personal bank account to an account to be used for the business, $17,500. b. Purchased supplies on account, $2,300. c. Earned fees, receiving cash, $13,300. d. Paid rent on office and equipment for the month, $3,000. e. Paid creditor on account, $1,150. f. Withdrew cash for personal use, $1,800. g. Paid automobile expenses (including rental charge) for month, $1,500, and miscellaneous expenses, $400. h. Paid office salaries, $2,800. 1. Determined that the cost of supplies used was $1,050. neulandi Computer equipment 6,000 Accumulated depreciation-computer Time left C 1,500 equipment Accounts payable Unearned revenue 6,000 3,000 H. Kramer, capital H. Kramer, drawings Service earned 12,400 2,500 5,500 Office supplies expense 600 Depreciation expense Rent expense Instructions Using this information, prepare for the month ended December 31: a) an income statement; b) a statement of owner's equity; and c) a balance sheet. 2,500 1,900 $30,900$30,900